Foundation Advancing Creation Truth
- Assets
- $2.2m
- Revenue
- $220.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Glendive, MT
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 30-0187495
Organization Overview
Foundation Advancing Creation Truth is located in Glendive, MT. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Foundation Advancing Creation Truth employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Advancing Creation Truth is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Foundation Advancing Creation Truth generated $220.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $195.4k during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION ADVANCING CREATION TRUTH(FACT)AND ITS RELATED MINISTRIES IS TO GLORIFY GOD AS CREATOR AND SUSTAINER, EMPHASIZE MAN'S ACCOUNTABILITY TO HIM, TO AFFIRM GOD'S REVEALED AND INSPIRED WORD AS THE PREEMINENT SOURCE OF TRUTH AND AUTHORITY, AND TO CHALLENGE MANKIND TO THINK THROUGH THE HUMANISTIC CONCEPT OF EVOLUTION AND ITS UNDERLYING PREMISE THAT THE EARTH IS BILLIONS OF YEARS OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLENDIVE DINOSAUR & FOSSIL MUSEUM IS THE LARGEST PROGRAM SERVICE OF THE FOUNDATION AND IS THE LARGEST MUSEUM WEST OF THE MISSISSIPPI TO PRESENT ITS FOSSILS AND EXHIBITS IN THE CONTEXT OF BIBLICAL CREATION. THIS MUSEUM IS THE MAIN VENUE TO ACCOMPLISH THE MISSION OF THE ORGANIZATION. FROM JANUARY 1, 2022 TO DECEMBER 31, 2022, THE MUSEUM HAD 11,753 VISITORS.
THE MANAGEMENT EXPENSES ARE RELATED TO THE FULFILLMENT OF ALL OF THE FOUNDATION'S GOALS AND PROGRAMS BUT ARE NOT INDIVIDUALLY ALLOCATED TO SUCH PROGRAMS
THE FOUNDATION OPERATES A GIFT SHOP AND RESOURCE CENTER AS AN INTEGRAL PART OF ITS MINISTRY. ALTHOUGH THE FACILITY SELLS SELF-PROMOTING AND DINOSAUR RELATED SOUVENIR ITEMS, THE MAIN PURPOSE IS TO PROVIDE BOOK AND VIDEO RESOURCES ECHOING THE MUSEUM'S MISSION STATEMENT.
THE FOUNDATION OPERATED DIG-FOR-A-DAY FOR THE PUBLIC FROM MAY THROUGH SEPTEMBER, 2021. IN ADDITION TO LEARNING HOW TO DIG FOSSILS IN AN ENVIRONMENT SHOWING CATASTROPHIC SEDIMENTARY DEPOSITS, THE DIGGERS WERE ALSO GIVEN A GUIDED TOUR THROUGH THE GLENDIVE DINOSAUR & FOSSIL MUSEUM BY MR. THOMAS LOHMAN. A TOTAL OF 125 DIGGERS PARTICIPATED DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Canen President | OfficerTrustee | 40 | $42,500 |
Mark Amunrud Director | Trustee | $0 | |
Larry Hostetler Director | Trustee | $0 | |
Scott Kemmis Director | Trustee | $0 | |
Thomas Lohman Vice Preside | OfficerTrustee | $0 | |
Barry Love Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,959 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,959 |
| Total Program Service Revenue | $91,994 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,327 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $550 |
| Advertising and promotion | $4,530 |
| Office expenses | $8,096 |
| Information technology | $2,483 |
| Royalties | $0 |
| Occupancy | $48,438 |
| Travel | $7,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,887 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,666 |
| Insurance | $14,929 |
| All other expenses | $2,286 |
| Total functional expenses | $195,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,489 |
| Savings and temporary cash investments | $57,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,540 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,103,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $967,647 |
| Total assets | $2,228,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $22,000 |
| Other liabilities | $3,836 |
| Total liabilities | $32,336 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,196,363 |
| Total liabilities and net assets/fund balances | $2,228,699 |